CAPITAL MARKETS

Lucara raises C$38M for Karowe working capital

TSX and Stockholm-listed Lucara Diamond has agreed to raise C$38 million (US$30.8 million) in equity funding to support the ongoing development of its flagship Karowe diamond mine in Botswana.

Lucara Diamond's Karowe open pit diamond mine in Botswana

Lucara Diamond's Karowe open pit diamond mine in Botswana

The diamond producer will raise $22 million from a bought deal and $16 million via a private placement, both at C75c, an 10% discount to the company's closing share price on Thursday.     The bought...

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